Teen,

See I agree with you 100%, as long as you did not leave the Air port you'd probably be okay... However somewhere someone is going to see you wait at that air port, exchange a boat load of cash and then hop back onto a plane. Now if you did that, you wouldnt have to pay taxes, of like 20%-33%, just changer fees 2-5%... That is a big difference... do you get out of the takes though? Are there taxes? I would imagine so right?

CMKX is the one waiting for me, I even poured EXTRA cash so when it hits I can get more Dinars. I mean 3-5 million dinars and you are set... at 4 million dinars, all you have to do is hope it goes to .25 to our dollar and BOOM! MILLIONAIRE...

Now let us say we do that here, and it ONLY goes it a dime, still 400k in currency is pretty damn good not to mention TeenTrader you'll look like The Man lol when you tell a girl how you made your cash when she asks... 'Yeah I was smart, took a chance in Iraq and well, Oil money isn't that bad..."

Now we have Iraq.... What about Iran... North Korea... even Syria...

Iran is the bets option since if we ever took out their hostile government, Iran has oil and NATURAL Gas and is situated to bring gas to India, Pakistan and if be, into China as well as exporting to Europe. Sooner or later we have to do something. I supported the war in Iraq, Saddam was totally a threat and sooner or later he WOULD have hurt Americans. But Iran most likely has nuclear capabilities... (well so does Korea but in terms of how I see it, what the hell could Korea produce AFTER we took it over??? They have no natural resources worth it, ya know?)I mean Iraq didn't, Iraq is a shell game. Now we have 10-15k troops in Afghanistan, Troops in Kuwait, 120k+ in Iraq.... Troops in Pakistan, CIA Predator Drone Bases in Uzbekistan. I mean look at a map of the Mid-east, we have SURROUNDED IRAN.... Seriously TeenTrader, I know Iraq was a shell game, something we needed to do, but in the long run it puts 100k Troops at Iran's doorstep for 5+ years....

We can become millionaires just by changing governments... I am really considering the military. I am trying my hardest to learn Urdu, a language spoken in the Pakistan region. Thankfully my Arab friends at the gas stations will teach you anything about their homeland. In fact most are taken back if you honestly ask them where they are from. I have been offered to go visit Pakistan and stay there for a couple of weeks... Makes me wonder if we ever go into Iran, I think I would fly to Pakistan and cross over into Iran... Dangerous? Totally. Stupid? Depends who you ask. Profitable? Yeah.

Price of a round-trip plane ticket to Peshwar, Pakistan: $2,100 US

Price of the train ride to the Iranian/Pakistani Border: $25 US

Price of a girls face when you tell her you got shot at, almost kidnapped and dressed as a Muslim to strap millions of Iranian Rial to your chesst just to fly back home: Price less....

Teen Trader, I like you, you know why? Because you are smarter then me I did not start trading until Jan. 2004 lol... I am 23, go you bro Happy Fourth guys!!!

quote:

---

Originally posted by stock_82:
[URL=http://www.planetark.org/dailynewsstory.cfm/newsid/21438/newsDate/9-Jul-2003/story.htm]http://www.planetark.org/dailynewsstory.cfm/newsid/21438/newsDate/9-Jul-2003/story.htm[/ URL]

Any thoughts after reading the article?? I just find it interesting. We can't ignore the bad and just take the good. We have to weigh the two and hopefully the good outweighs the bad in this situation.

---

I too have been following the Iraqi dinar. You are correct about
that price. The Central Bank of Iraq has been having daily auctions
and the price as of June 26 was 1460 dinars/$. The volume of
exchanges has been around 10-15 million USD per daily auction. I've
been curious to see the price since the handover, but it isn't
posted or they have had no auctions
(http://www.iraqcoalition.org/exchange.html)

What that tells me is that most of the websites selling Iraqi
dinars are gouging- nearly doubling their money. At the present
time, and probably for a few years to come the only place you can
exchange Iraqi dinars is *IN* Iraq, in the near future you may have
to deal with one of these sharks to get your dollars at a
significant discount(or take a vacation to Iraq!), until
international banks are allowed to exchange dinars. It reminds me
of times I have exhanged money in the streets in Albania, and the
Dominican Republic, where the street rates are much much better
than bank rates but being mugged is a real possibility.

Another thing I have looked at are values of surrounding
currencies. At http://www.fxstreet.com/nou/gci/gcicurrencies.asp
you can monitor the Riyal ($3.7478/SAR), the Kuwaiti dinar
($0.2946/KWD)and others. This doesn't tell me much, but one thing
to consider is that the Turkish Lira currently trades at 1,469,995
Lira to the dollar.

My own opinion is that 1)the dinar may get cheaper in the near term
because of the instability 2)Iraq does not look that economically
bright to me. It is a one-pony country with only oil to depend on.
As a petroleum geologist I can tell you that it will be 3-5 years
before Iraqi oil production is restored to prewar levels, and those
levels were not high (~2.5 mbpd peak in 1999 compared to world
consumption of 78 mbpd). It may be 10 years or more before Iraq is
truly a significant oil producer. The first tanker load of oil to
leave Iraq since the war started only sailed about a month ago.
Many of the Iraqi oil fields are permanently damaged from being
shut-in and will require new drilling before there is any
resumption of production. 3)the most likely way to make money on
the dinar might be as a collectible. Currently the 1971 Iraqi dinar
notes list (in Krause) for US$20 to $60 per dinar in uncirculated
condition at retail value. Even this is speculative because there
may end up being a lot of these notes being hoarded by collectors-
and it might take 30 years to get there!

Now on the JB... I would have to say.. you and I are both right, and I like you too :P. The little Iranian comment about the priceless thing... umm yeah priceless... and I would have to say I would absolutely do alittle covert op for myself to make some money... it would be scary and an adrenaline rush the whole time through.. Also, about the airport thing... the way I see... I walk in with a breakcase with my dinars... exchange... put my crispy benjamins in the briefcase and jump on my plane... someone would have to stop me in the middle of the airport and steal my money... and I mean hey... if I have to slip an american soldier $1000 to walk me around with a m16... then I mean hey... that is the price you pay to keep yourself safe..

Rountrip ticket to Iraq: $Who cares your gonna be rich
Bodyguard at the airport: $Again who cares your gonna be rich
Tellin a girl your "How I became a millionare story": Priceless

quote:

---

Originally posted by Nacho:
Hey guys, before you make any big decisions on the dinar I saw this on another forum:

I too have been following the Iraqi dinar. You are correct about
that price. The Central Bank of Iraq has been having daily auctions
and the price as of June 26 was 1460 dinars/$. The volume of
exchanges has been around 10-15 million USD per daily auction. I've
been curious to see the price since the handover, but it isn't
posted or they have had no auctions
(http://www.iraqcoalition.org/exchange.html)

What that tells me is that most of the websites selling Iraqi
dinars are gouging- nearly doubling their money. At the present
time, and probably for a few years to come the only place you can
exchange Iraqi dinars is *IN* Iraq, in the near future you may have
to deal with one of these sharks to get your dollars at a
significant discount(or take a vacation to Iraq!), until
international banks are allowed to exchange dinars. It reminds me
of times I have exhanged money in the streets in Albania, and the
Dominican Republic, where the street rates are much much better
than bank rates but being mugged is a real possibility.

Another thing I have looked at are values of surrounding
currencies. At http://www.fxstreet.com/nou/gci/gcicurrencies.asp
you can monitor the Riyal ($3.7478/SAR), the Kuwaiti dinar
($0.2946/KWD)and others. This doesn't tell me much, but one thing
to consider is that the Turkish Lira currently trades at 1,469,995
Lira to the dollar.

My own opinion is that 1)the dinar may get cheaper in the near term
because of the instability 2)Iraq does not look that economically
bright to me. It is a one-pony country with only oil to depend on.
As a petroleum geologist I can tell you that it will be 3-5 years
before Iraqi oil production is restored to prewar levels, and those
levels were not high (~2.5 mbpd peak in 1999 compared to world
consumption of 78 mbpd). It may be 10 years or more before Iraq is
truly a significant oil producer. The first tanker load of oil to
leave Iraq since the war started only sailed about a month ago.
Many of the Iraqi oil fields are permanently damaged from being
shut-in and will require new drilling before there is any
resumption of production. 3)the most likely way to make money on
the dinar might be as a collectible. Currently the 1971 Iraqi dinar
notes list (in Krause) for US$20 to $60 per dinar in uncirculated
condition at retail value. Even this is speculative because there
may end up being a lot of these notes being hoarded by collectors-
and it might take 30 years to get there!

If you want to wait ten years- you might make good money, or you
may have the equivalent of Turkish Liras.

---

This guys whole arguement was that the dinar might become like the lira... but what does Turkey have economically?? Earthquakes? just MO but.. I think the single fact that iraq has oil makes it such a good investment... everyone in the world wants oil... and they are going to get it from Iraq... drilling new holes and producing oil will not be a problem IMO... if you know you will generate money from something, why would you delay at all from producing it? Iraq is going to get back on track.

True, but Iraq only has a small amount of oil as compared to some of the other oil producing nations. I would say also that thier infrastructure for drilling the oil is very antiquated compared to other nations in the middle east using much more modern drilling & delivery systems. They aren't even get 20% of the oil reserves in the areas they are drilling in because of this problem. This leads to yet another bigger problem. Replacing all this with new systems that work. That would take many years and many more billions. It's almost not worth it because companies are investing in geographic locations that are deemed much more oil rich. So, in the long run Iraq will not be that well off in the oil bussiness unless there is some serious investment into updating thier infrastructure. If it ever happens, it may be way down the road due to the terrorist elements in Iraq that have targeted this industry on numurous occasions.....

However even if you had to hold onto the money for three years, if there was an exchange, in terms of a re-issuement of money, you could always exchange it, I mean I would even go to Iraq to do it, I mean if I had to.

-John

quote:

---

Originally posted by JBCak47:
Well considering very little oil will be pouring out, I heard news reports of something like 10% of the pre-war levels (prewar I assume is the Second Gulf War, but then again I am not sure, the news or I could have gotten it wrong.) of 2 million barrels a day, or roughly 200,000 per day. As of now, the pipe lines are being attacked, oil transportation has been subject to loss, theft, corruption, as per the news. However, perhaps in two years they could exceed the desired goal of ten percent and make something like thirty pecent, I am sure that would make their dinar more profitable. If security is improved over the country, that too should, should being key here,lol, add to the value and stability of their dinar against our dollar. The key is their oil, I am sure within two years their infrastucture will improve considering France, Germany, Russia/Europe, Asia/China need more oil, espically China, to feed it's growing industry, espically if the world economy picks up, which it is. Not to mention some of the oil will go back to us. Perhaps it will go on the market, I am thinking it will go into the SPR... OR the military will get it.

However even if you had to hold onto the money for three years, if there was an exchange, in terms of a re-issuement of money, you could always exchange it, I mean I would even go to Iraq to do it, I mean if I had to.

-John

---

However for the SP and The Pharmicist, Afhanistan is just a stones throw away... you know with those never ending fields of poppies... and hemp....yummmmmmmmm :

Now knowing my luck I will be diverted to Sudan, unknowingly wake up and leave the plane only to discover a sign saying "Ethiopia, 225 km East" hmmmmmmm....

Lets see if I subtract the two, carry the y and solve for x, usuing pagatheorums theory and carring the remainder, ahhhhh damn... My plain was diverted... whoa!

You know you could take your millions of dinars BACK to Iraq and live pretty well... I mean... well... maybe live? At the very least I am sure you can get a couple of prostitutes lol... Now in America most prosititues are chicken head crack heads or some form of addict... and 99.9% look beyond gross. I wonder how Iraqi prostitutes look like. In Italy, outside the city of Piza, there are/or were these BEAUTIFUL Italian girls, 18-24, who would stand on the side of the road, in the middle of the day, wearing nighties and what not. Well it turns out they are prostitutes who only give head/hand jobs they don't have sex. These girls were smoking hot, I MEAN UNLIKE ANY HOOKER YOU WILL OR HAVE SEEN IN AMERICA. We have fat black and white ones, they have almost models. I swear to you guys. I was 18 at the time and with the family, so nothing was going ot happen not that it would because I am not keen with some Italian slhore licking my chopstick with like 20 others guys kids in her mouth... That ain't kosher... lol...

None the less they were good lookign prositutes... WTF are we doing wrong in America? See it must be the Meth and Crack...

[This message has been edited by Spinoff (edited July 07, 2004).]

I mean you'd have 5 million or so Iraqi Dinars...

If it hit:

.01 = $50,000
.02 = $100,000
.05 = $250,000
.10 = $500,000

All in cash too,lol Hey why not. I mean even if it ONLY hit two cents, 100k is pretty good. Only until CMKX hits can I get my Dinars... When it hits, then I'll will get three million or so... dreams...

-John

quote:

---

Originally posted by JBCak47:

If you can afford to possibly lose the 5k then go for it...

I mean you'd have 5 million or so Iraqi Dinars...

If it hit:

.01 = $50,000
.02 = $100,000
.05 = $250,000
.10 = $500,000

All in cash too,lol Hey why not. I mean even if it ONLY hit two cents, 100k is pretty good. Only until CMKX hits can I get my Dinars... When it hits, then I'll will get three million or so... dreams...

-John

---

How many prositutes... I think you pay by how pretty they are...lol.. guys or girls

lol...

Ahhh prositiutes aren't for me though, funny to talk about but not something I would like to dip my knob in... Besides, giving my all to some skinny meth head or fat chicken head is not my idea of a fun date.

Besides way to many things you can catch, lobsters and crabs to say the least, hehe...

quote:

---

Originally posted by Spinoff:
What I like about this is that at least you know pretty much "exactly" what your getting into. Unlike some companies like WNMI after the big push north in April then all of a sudden the hidden dilution happens, and I don't hear about it until it's 85% complete....sux bigtime. That was my big loss this year, and hoping to gain some back on other plays as well as this long term play. GLTU"S"A

---

quote:

---

Originally posted by JBCak47:
LOL, YEAH TOTALLY, WE ALL HAVE BLOWN MONEY ON 'BAD NIGHTS OUT'...Of which you remember 2% of what happened...

-John

---

quote:

---

Originally posted by pharmdman:
Very nice find, Young... but in my mind it's still worth the risk... it's only a few hundred bucks! I've spent that on a bad night out...LOL....

---

I agree, totally!! I just wanted to expose both sides of the coin. I've already purchased Dinar from a reliable source. At 10 cents to the dollar, I will be very happy! Hopefully, everyone that is considering investing in Dinar, obtain them from a reliable source, the "Internet" is full of scammers. GLTA...and I'm out!

P.S. Don't forget about that good ol' gold bullion.......

quote:

---

Originally posted by pharmdman:
Young, what was your reliable source? Someone military returning or a website?

---

I have researched/perused many sites and the only one I found sufficient in handling of Iraqi Dinar was....(drumroll please)www.buydinar.com!! Why? They are backed by the BBBureau...they don't deal with credit cards, no checks/money orders....hence pure professionalism. I haven't the slightest notion to how legit E-Bay or other sources are, I can only represent my side, empirically, meaning I have experienced and observed from my side of the table. In essence, get them where you can...but mine are better. LOL!!!

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Your mind is your greatest asset...SO use it!!!